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Minkwan_Ahn_Dissertation.pdf (803.17 KB)

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The Market’s View on Accounting Classifications for Asset Securitizations

Ahn, Minkwan
http://rave.ohiolink.edu/etdc/view?acc_num=osu1402581668

Abstract Details

2014, Doctor of Philosophy, Ohio State University, Accounting and MIS.
Prior research examines how investors view asset securitizations, and shows that investors treat securitizations as borrowings even when GAAP treats them as sales. Upon the adoption of two new accounting standards relating to asset securitizations, some off-balance-sheet securitized assets were consolidated back onto firms’ balance sheets. This study examines whether the new accounting standards result in financial reporting that is more aligned with investors’ views of asset securitizations. To address this question, this study investigates how investors viewed previously off-balance-sheet securitized assets before the two new standards became effective. In doing so, it separately examines assets that firms consolidated under the new standards and those that firms left unconsolidated. I find that investors differentiated between these two types of securitizations, treating the consolidated assets as borrowings and the unconsolidated assets as sales. I conclude that the new accounting standards are more consistent with equity investors’ views of asset securitizations.
Anne Beatty (Committee Chair)
Darren Roulstone (Committee Member)
Andrew Van Buskirk (Committee Member)
Zhang Haiwen (Committee Member)
75 p.
Accounting
securitization; banks; retained interests; implicit recourse; risk

Recommended Citations

Citations

  • Ahn, M. (2014). The Market’s View on Accounting Classifications for Asset Securitizations [Doctoral dissertation, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1402581668

    APA Style (7th edition)

  • Ahn, Minkwan. The Market’s View on Accounting Classifications for Asset Securitizations. 2014. Ohio State University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1402581668.

    MLA Style (8th edition)

  • Ahn, Minkwan. "The Market’s View on Accounting Classifications for Asset Securitizations." Doctoral dissertation, Ohio State University, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=osu1402581668

    Chicago Manual of Style (17th edition)

osu1402581668
777
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This open access ETD is published by The Ohio State University and OhioLINK.